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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net loss $ (34,351) $ (52,931) $ (19,011)
Adjustments to the profit or loss items:      
Depreciation of property, plant and equipment and right-of-use assets 2,143 269 162
Financial income, net (775) (858) (330)
Cost of share-based compensation 4,868 3,575 2,208
Change in employee benefit liabilities, net 126 (15) 26
Amortization of premium on marketable securities 184 272 28
Revaluation of financial derivatives (15,904) 17,600 (1,061)
Revaluation of liability to IIA 2,531 2,037 631
Adjustments to reconcile profit (loss) (6,827) 22,880 1,664
Increase (decrease) in other receivables, prepaid expenses and other assets (150) 942 (2,210)
Increase (decrease) in trade payables (821) (405) 1,464
Increase in accrued expenses and other payables 2,807 2,296 1,214
Cash flows from (used in) operations 1,836 2,833 468
Cash received during the year for:      
Interest received 1,546 792 330
Interest paid (134)
Net cash used in operating activities (37,930) (26,426) (16,549)
Cash flows from investing activities:      
Purchase of property and equipment (3,055) (1,645) (402)
Purchase of marketable securities (32,021) (10,905) (14,820)
Proceeds from bank deposits 5,000 (5,000)
Investment in restricted bank deposits (150)
Proceed from maturity of marketable securities 38,742  
Proceed from sale of marketable securities 4,949
Net cash provided by (used in) investing activities 3,666 (2,751) (20,222)
Cash flows from financing activities:      
Proceeds from secondary offering, net 37,140
Proceeds from issuance of financial derivatives 10,900
Receipt of grants from the IIA 224 612 272
Proceeds from issuance of shares, initial public offering (payment of issuance expenses), net (238) 47,479
Proceeds from issuance of shares, net 28,865
Payment of lease liabilities (1,529)
Exercise of options 132 2
Net cash provided by financing activities 35,729 48,093 40,037
Exchange differences on balances of cash and cash equivalents 101 31  
Increase in cash and cash equivalents 1,566 18,947 3,266
Cash and cash equivalents at beginning of year 40,272 21,325 18,059
Cash and cash equivalents at end of year 41,838 40,272 21,325
Significant non-cash transactions:      
IIA liability for grants to be received 7 269
Exercise of warrants liabilities to equity 2,924 3,851
Issuance expenses on credit 238
Purchase of property, plant and equipment on credit $ 1,255